Exact(57)
"It's part of their asset allocation strategy".
Moreover, pension funds are often too restrictive in their asset management.
They're getting a better return on their asset with less pressure on the club.
This week, Chancellor Angela Merkel of Germany criticized central banks for their asset purchases.
Unlike mutual funds, they may be priced at discounts to their asset values.
Nor, for the most part, do their asset managers.In time that may change.
They have an interest in the well being of their asset".
This was surely not part of any of their asset allocation strategies.
But their asset books are clogged with bad debts and repossessed property.
But several prominent foundations lost a substantial share of their asset value over the last year, the Chronicle survey said.
Similar(1)
The crisis accelerated the trend, as some banks sold their asset-management arms to raise money.
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